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SHANGHAI/HONG KONG (Reuters) – Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing,…
Two subsea data cables in the Baltic Sea were damaged this week.”Nobody believes that these cables were cut accidentally,” said the German defense minister.Cables around the world are vulnerable to sabotage, and the consequences can be severe.Two subsea telecoms cables in the Baltic Sea have been damaged in a suspected…
Verily, Alphabet’s life sciences group, is preparing to detach from Google.Verily has told employees it ultimately intends to become an independent company.Staff were recently told about “an essential stepping stone” to leaving Alphabet.Verily, Alphabet’s life sciences subsidiary, has set a deadline of December 16 to sever multiple ties to Google,…
Elon Musk’s Department of Government Efficiency is looking for people to join the effort.Musk posted that the compensation is “zero.” So, is this a real job opportunity?DOGE hasn’t answered questions about pay, or whether you need an X account to apply.The new quasi-department Elon Musk is creating to root out…
By Pavel Polityuk, Vladimir Soldatkin and Nina Chestney (Reuters) – Russia told Austria it is suspending gas deliveries from Saturday in a development that signals a fast approaching end of Moscow’s last remaining gas flows to Europe. The suspension means Russia will now only supply significant gas volumes to Hungary…
Investing.com– Gold prices steadied in Asian trade on Friday, but were nursing their worst weekly performance in over three years as strong U.S. inflation and less dovish signals from the Federal Reserve sparked doubts over lower interest rates. The yellow metal was also battered by a risk-on rally in the…
Investing.com– Most Asian stocks kept to a tight range on Friday amid increased caution over U.S. interest rate cuts, while investors digested mixed economic readings from Japan and China. Regional markets took weak cues from Wall Street, which fell on Thursday after Federal Reserve Chair Jerome Powell warned that strength…
Investing.com– Gold prices fell in Asian trade on Friday, seeing little relief even as the dollar slid in the wake of an interest rate cut by the Federal Reserve, while markets also digested the ramifications of a second Donald Trump presidency. The yellow metal was battered by a sharp rally…
Investing.com– Most Asian stocks rose on Friday, tracking strength in Wall Street after the Federal Reserve cut interest rates as expected, while anticipation of more fiscal stimulus in China also buoyed local markets. Regional markets took positive cues from a record-high close on the and the , as markets were…
Investing.com — Super Micro Computer cut its guidance for the fiscal first and second quarter and the server equipment maker said an internal probe found no evidence of fraud from management or directors following concerns raised by its auditor. Super Micro Computer Inc (NASDAQ:) shares fell more than 20% in…
